Plasterboard Market: Global Industry Analysis and Forecast 2023-2029

Plasterboard Market is anticipated to reach US$ 40.60 Bn. by 2029 from US$ 27.18 Bn. in 2022 at a CAGR of 5.9% during a forecast period.
Plasterboard Market Overview:
Plasterboard is made out of an inner layer of gypsum sandwiched between two outer layers of lining paper, with different additives added to the gypsum layer, and the lining paper's additives, weight, and strength varied. The market is divided into two types: square-edged and tapered. Damp-proof plasterboard, fire-resistant plasterboard, impact-resistant plasterboard, insulated plasterboard, moisture-resistant plasterboard, sound-insulated plasterboard, standard plasterboard, and thermal plasterboard are some of the varieties of plasterboard available. The market size and predictions for the Plasterboard Market in various countries across significant regions are also included in the report.To know about the Research Methodology :- Request Free Sample Report
Plasterboard Market Dynamics
Plasterboard demand is expected to be driven by the growing construction sector as well as increased demand from end-user trades. The rise of the building sector, the lack of recycling accessibility of construction materials, and various government attempts for an eco-friendly environment are important driving forces in the worldwide plasterboard market. The preference for dry building methods over wet construction methods contributes to the market's overall growth.

Furthermore, governments in many countries have implemented several reforms and policies to improve their infrastructure and real-estate sectors, which has resulted in the growth of the construction industry and, as a result, the worldwide plasterboard market. However, growth may be hampered by saturated markets with inadequate demand for the new building. The rise in new construction plans in developing economies creates attractive opportunities.

Plasterboard Market Opportunities:

The Preference for Luxury Housing Provides Robust Opportunities. In the forecast period, consumers' preference for luxury homes is likely to provide substantial prospects for the market. Product attractiveness in housing systems, as well as demand for new and renovated building projects, are all contributing to market growth.

Plasterboard Market Restraints:

Plasterboard's ability to serve as a market restraint is limited. The plasterboard market value may be limited throughout the forecast period due to the low adoption of plasterboard among end-users due to pre-defined beliefs regarding plasterboard.

Plasterboard Market Challenges:

As a market challenge, there is a lack of awareness. Lack of end-user understanding of plasterboard's recyclability, along with environmental concerns, might provide a market challenge throughout the forecast period.
Shaping the Future of Construction Industry:
As all economic value production occurs within or via buildings or other created properties, the construction sector supports practically all other businesses. Furthermore, it accounts for 6% of overall GDP. It is also the world's largest consumer of raw resources, and built materials contribute to 25-40% of total global carbon emissions. Many worldwide megatrends are influencing the future of the building. Consider just two trends: first, construction accounts for 30% of global greenhouse gas emissions (at the same time, the United Kingdom government has set a goal of 50% reduction in today's level of greenhouse gas emissions in the nation's built environment for 2025); second, the world's city populations are growing by 200,000 people per day, all of whom require affordable housing as well as social, transportation, and utility infrastructure. Such tendencies provide obstacles, but also opportunities.

The construction industry represents around 6% of overall GDP, with yearly revenues of almost USD 10 trillion and added value of USD 3.6 trillion. More precisely, it amounts to around 5% of overall GDP in developed countries, whereas it accounts for more than 8% of GDP in developing countries. During the forecast period, the sector is expected to grow significantly, with anticipated sales of USD 15 trillion by 2029. Today, more than 100 million people work in the construction industry throughout the world. Construction is similar to the Financial Services business in that it assists all industry segments. In other words, construction has a lot of touch with a lot of other industries since value creation nearly always happens within or via buildings or other developed properties. Residential housing makes up 38% of worldwide construction, followed by transportation, energy, and water infrastructure (32%), and institutional and commercial structures (18%).
Plasterboard Market Segmentation Analysis
By End-Use, during the forecast period, the growing middle-class population, together with their rising disposable income, has aided the growth of the middle-class housing segment, consequently increasing the usage of plasterboard. Despite the increased demand, there is still a considerable undersupply of housing throughout the world. This presents a significant potential for investors and developers to adopt innovative building technologies and collaborations to accelerate growth. Due to the rising house-building sector in China and India, the Asia-Pacific region is likely to see the most growth. China, India, and Southeast Asian countries are leading the low-cost house construction segment in Asia-Pacific.In India, the government launched a project named 'Housing for All by 2022,' which is likely to have a significant impact on the country's low-cost residential building market throughout the projection period. The demand for plasterboard in the residential sector is expected to rise across all regions over the forecast period, owing to a growth in the middle-class population and residential building growth, as well as government initiatives and investments.
Plasterboard Market Regional Analysis
The Asia Pacific region held the greatest market share of over 31.0 percent in 2022 due to significant investments in the research and development of innovative technologies in the building and infrastructure sectors. The bulk of Asian countries is putting significant resources into infrastructure which might help their industries grow. China’s growth rate remains strong, but it is steadily declining as the population ages and the economy shifts from investment to consumption, manufacturing to services, and external to domestic demand. Because of the central government's demand for infrastructure investment to support economic development, China's construction industry grew fast. According to the National Bureau of Statistics of China, the value of the country's building production climbed from CNY 9.6 trillion in 2010 to CNY 24.84 trillion in 2022. Despite a slowing in market growth due to COVID-19, the market is rising with the lifting of the lockdown. It is expected that the value of building production would increase by over 14 percent.

Despite the real estate market's volatility, the Chinese government's massive investment in rail and road infrastructure to support the country's growing industrial and service sectors has resulted in significant growth in the Chinese construction industry in recent years. Increased government investment is helping the construction industry in the country, which is dominated by state-owned firms. The government has also launched the China New Urbanization Project 2014-2020 to offer social housing for migrants and improve current urban infrastructure in key cities. Over the next five years, India is expected to invest over USD 1.3 trillion in housing, with the building of 60 million new dwellings. In India, the availability of affordable housing is expected to increase by roughly 70% by 2024. Because of the rapid growth of the construction sector in the country in the region, the market examined is expected to grow at a high pace.

In the United States, the plasterboard market is expected to be worth $6 billion by 2022. The country presently holds 28.95 percent of the worldwide market share. Over the 2022-2029 period, Japan and Canada are expected to grow at 2.5 percent and 4.1 percent, respectively. Within Europe, Germany is expected to grow at a 2.8 percent compound annual growth rate (CAGR), while the rest of the European market will reach US$4.9 billion by 2029.

Report Objectives:

Landscape analysis of the Plasterboard Market
competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
Potential impact of micro-economic factors of the market
External and Internal factors affecting market have been analysed

The report also helps in understanding the Plasterboard Market dynamics, structure by analysing the market segments and project the Plasterboard Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Plasterboard Market make the report investor’s guide.
Plasterboard Market Scope: Inquiry Before Buying



Plasterboard Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 27.18 Bn.


Forecast Period 2023 to 2029 CAGR:
5.9%
Market Size in 2029:
US $ 40.60 Bn.


 Segments Covered:
by Type
Standard
Fire-resistant
Sound-insulated
Moisture-resistant
Thermal
Specialist
Impact-resistant
Triple low-e, gas-filled


by  Form
Tapered-edged
Square-edged


by End-Use
Residential
Non-residential



Plasterboard Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Plasterboard Market, Key Players:
1. Saint- Gobain S.A.
2. USG Corporation
3. ETEX Group
4. Armstrong World Industries, Inc.
5. Boral Limited
6. Fletcher Building Limited
7. Gypsum Management and Supply, Inc.
8. Lafargeholcim Ltd
9. Georgia Pacific LLC
10.Knauf GIPS Kg
11.National Gypsum Company
12.Mada Gypsum Company
13.Beijing New Building Material Group
14.Gypsemna
15.Gyprock
16.Siniat Ltd
17.Ayhaco Gypsum Products
18.Ahlstrom Corporation
19.TAI Shan Gypsum
20.Yoshino Gypsum Co, Ltd.
21.Tanzania Gypsum Limited
22.Atiskan Gypsum Products Co.Inc
23.Jason Plasterboard Co.Ltd.
24.Gyptec Iberica

Frequently Asked Questions

1. What is the projected market size & growth rate of Plasterboard Market?
Ans- Plasterboard Market was valued at USD 27.18 billion in 2022 and is projected to reach USD 40.60 billion by 2029, growing at a CAGR of 5.9% during the forecast period.

2. What are the key driving factor for the growth of Plasterboard Market?
Ans- Plasterboard demand is expected to be driven by the growing construction sector as well as increased demand from end-user trades.

3. Which Region accounted for the largest Plasterboard Market share?
Ans- The Asia Pacific region held the greatest market share of over 31.0 percent in 2022.

4. What makes Asia Pacific a Lucrative Market for Plasterboard Market?
Ans- due to significant investments in the research and development of innovative technologies in the building and infrastructure sectors.

5. What are the top players operating in Plasterboard Market?
Ans- Saint- Gobain S.A., USG Corporation, ETEX Group, Armstrong World Industries, Inc., Boral Limited, Fletcher Building Limited, and Gypsum Management and Supply, Inc.